Mutual Trade Between Kazakhstan and EAEU Countries Shows Strong Growth of 11.6%*

The mutual trade between the Republic of Kazakhstan and countries of the Eurasian Economic Union (EAEU) witnessed a significant increase in the first quarter of 2023, reaching a total value of $6,629 million. This represents a nominal growth of 11.6% compared to the same period in 2022.

The export of goods from Kazakhstan during January-March 2023 amounted to $2,598.1 million, marking a notable increase of 41.5%. On the other hand, imports reached $4,031 million, experiencing a slight decline of 1.8%.

In terms of the overall external trade turnover of Kazakhstan with EAEU countries, the majority of trade volume is with the Russian Federation, accounting for 92%. This is followed by the Kyrgyz Republic at 4.7%, the Republic of Belarus at 3.2%, and the Republic of Armenia at 0.1%.

Among the various categories of exports to EAEU countries, the most significant increase was observed in elements with radioactive chemical isotopes and their compounds, as well as mixtures and residues containing these products, which saw a remarkable growth of 2.5 times compared to the same period last year. Conversely, a significant decrease was recorded in the export of ores and iron concentrates, including burnt pyrite, which declined by 78.3%.

In terms of imports, the largest increase was observed in the category of pipes and other tubes made of ferrous metals, which saw a substantial growth of 4.8 times. Conversely, there was a significant decline in the import of passenger cars and other motor vehicles, which decreased by 99.4%.

These trade figures highlight the growing economic ties and exchanges between Kazakhstan and the EAEU countries, contributing to the development and prosperity of the region.